Would you buy a loaf of bread for 1000$, 1000 Zimbabwean dollars? Well, that is what a loaf of bread costs in Zimbabwe. The country is supposed to have the worlds highest inflation rate - of 11.2 million%.
http://in.news.yahoo.com/139/20080820/882/twl-zimbabwe-inflation-now-11-2-million.html
Gives a little heart to Indians where the annual rate of inflation has grown to 11%. I wonder how survival is possible where the Government does not take any measure to better the situation than keep printing higher currency notes. In such a case, wont printing those currency notes be costlier than the currency note itself? It might be like making a Gold coin of one Rupee denomination.
The Zimbabweans have now resorted to a better system in trading. Its a method which was adopted when trading was a new theory. The Barter system. Exchange commodities for commodities. This atleast ensures survival of the hardworking and denounces the Government currency, which thrives on usage of currency as means of renumeration for their misgivings.
Personally, i feel much relieved that we, the Citizens of India are relatively in a much better scenario than our counterparts in Zimbabwe, but we should take heed from the signs of what can go wrong, if the citizens of India dont check the Governments economic policies from time to time.
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